Classic Theatre of Maryland Inc
Nonprofit profile at a glance
- EIN
- 273672057
- IRS 990 coverage
- 2018–2023
- Forms available
- Form 990 2023, Form 990-EZ 2015, Form 990-N 2010
- Location
- Annapolis, MD, USA
- Phone
- 4102801773
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $635,911
- Expenses
- $615,799
- Assets
- $295,482
- Liabilities
- $295,482
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
1 person listed
Highest reported compensation
- Sally Boyett (Producing Artistic Director): $109,998 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Classic Theatre of Marylands mission is to produce bold re-imagined entertaining and accessible interpretations of classical works contemporary plays and musicals with a core commitment to the works of Shakespeare and other major dramatists. CTM is committed to promoting the highest level of artistic excellence to cultivating the widest possible audience and to contributing to the economic and cultural growth of our community state and region with the following experiences and programs: * Year-Round Season of Professional Theatre * Educational Artist-in-Residence Programs * Pre-professional Training and Internship Programs Classic Theatre of Maryland enriches the human community through the revelation of beauty and the illumination of fundamental truths of human experience.
What it reported doing in 2023
Ticket Sales - tickets to our season of plays musicals and cabarets including THE LEARNED LADIES OUR TOWN THE TEMPEST WHITE CHRISTMAS and A CHRISTMAS CAROL on the Main Stage THE MISER in the outdoor courtyard at Reynolds Tavern 24 monthly Cabaret performances in collaboration with the Unified Jazz Ensemble including The Best of the 1920s The Best of the 1930s The Best of the 1940s The Best of the 1950s The Best of the 1960s The Best of the 1970s The Best of the 1980s The Blues American Jazz Standards Latin Jazz Standards The Best of the 30s and 40s and The Best of the 50s and 60s.
Operating model
- Revenue model
- Other-operating. 74% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 31
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.5%; rating input score 75
- Program expense ratio: 76.9%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.2%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 17.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 74.5% of revenue deployed · 76.9% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $474K in reported program spending
- Leadership: top reported pay $110K · 1 people listed
- Consistency: 38 of 40 current checks pass · 2 findings to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 to 2023
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX FeesForServicesAccounting column sum did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 17/100.